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ORVANA ANNOUNCES US$25 MILLION PREPAYMENT AND OFFTAKE AGREEMENTS WITH TRAFIGURA
- Orvana Minerals Corp. closed a US$25 million secured prepayment facility with Trafigura for copper cathodes and doré bars from the Don Mario Operation in Bolivia.
- The proceeds from the prepayment facility will fully fund the remaining capital needed for the Don Mario plant expansion, which is expected to complete by year-end 2025.
- As of October 2025, 69% of the forecasted project capital expenditures has been disbursed, targeting commissioning and start-up for early 2026.
- Juan Gavidia, CEO of Orvana, mentioned that securing this prepayment facility is a significant milestone for the restart of Don Mario.
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Orvana Minerals (TSE:ORV) Shares Up 9.8% – Here’s What Happened
Orvana Minerals Corp. (TSE:ORV – Get Free Report) shares rose 9.8% during trading on Friday . The company traded as high as C$1.35 and last traded at C$1.34. Approximately 137,293 shares changed hands during trading, an increase of 29% from the average daily volume of 106,604 shares. The stock had previously closed at C$1.22. Orvana […]
Coverage Details
Total News Sources61
Leaning Left5Leaning Right9Center17Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 16%
C 55%
R 29%
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